Report Update Apr 1, 2024

Hong Kong SAR, China - Methacrylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Hong Kong SAR, China

The Hong Kong methacrylic acid market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a abrupt slump. Methacrylic acid consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Methacrylic Acid Production in Hong Kong SAR, China

In value terms, methacrylic acid production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. Methacrylic acid production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Methacrylic Acid Exports

Exports from Hong Kong SAR, China

In 2022, methacrylic acid exports from Hong Kong SAR declined notably to X kg, which is down by X% against 2021. Overall, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, methacrylic acid exports reduced rapidly to $X in 2022. In general, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Belgium (X kg) was the main destination for methacrylic acid exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for methacrylic acid and its salts exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2022, the average methacrylic acid export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Methacrylic Acid Imports

Imports into Hong Kong SAR, China

In 2022, imports of methacrylic acid and its salts into Hong Kong SAR surged to X kg, picking up by X% on the previous year's figure. Over the period under review, imports, however, recorded a dramatic curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, methacrylic acid imports skyrocketed to $X in 2022. In general, imports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Japan (X kg) was the main supplier of methacrylic acid to Hong Kong SAR, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%.

In value terms, Japan ($X) constituted the largest supplier of methacrylic acid and its salts to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled X%.

Import Prices by Country

The average methacrylic acid import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methacrylic acid and its salts in the world?

Germany remains the largest methacrylic acid consuming country worldwide, comprising approx. 36% of total volume. Moreover, methacrylic acid consumption in Germany exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was held by France, with an 11% share.

What are the largest producers of methacrylic acid and its salts in the world?

Germany constituted the country with the largest volume of methacrylic acid production, comprising approx. 46% of total volume. Moreover, methacrylic acid production in Germany exceeded the figures recorded by the second-largest producer, South Korea, threefold. The United States ranked third in terms of total production with a 13% share.

What are the leading suppliers of methacrylic acid and its salts to Hong Kong SAR, China?

In value terms, Japan constituted the largest supplier of methacrylic acid and its salts to Hong Kong SAR.

What are the leading importers of methacrylic acid and its salts from Hong Kong SAR, China?

In value terms, Belgium emerged as the key foreign market for methacrylic acid and its salts exports from Hong Kong SAR.

What is the average export price for methacrylic acid and its salts in Hong Kong SAR, China?

In 2022, the average methacrylic acid export price amounted to $32,200 per ton, surging by 900% against the previous year.

What is the average import price for methacrylic acid and its salts in Hong Kong SAR, China?

In 2022, the average methacrylic acid import price amounted to $71,348 per ton, approximately reflecting the previous year.

This report provides an in-depth analysis of the methacrylic acid market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143330 - Methacrylic acid and its salts

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023